Top news of the week

Chevron Phillips, Qatar Petroleum sign $8 billion petrochemical deal

Chevron Phillips Chemical Company LLC and Qatar Petroleum announced they have signed an agreement to jointly pursue the development of a new petrochemical plant in the Gulf Coast region of the United States. 

German refinery halts Russian oil imports over contamination

The PCK refinery in eastern Germany has halted imports of Russian oil via the Druzhba pipeline after once again finding “slightly elevated” levels of organic chlorides. 

Venezuela's Amuay and Cardon refineries halted by blackout

Venezuela’s Amuay and Cardon refineries are halted following a blackout in the early morning hours, two oil industry sources with knowledge of the issue said.

China refiners curb fuel output after massive new plants stoke glut

China’s fuel producers are making extended curbs to their output in the third quarter after supply from mammoth new refineries stoked an already-sizeable glut, potentially dragging on crude oil demand from the world’s biggest importer of the commodity.

Shell, Chevron U.S. Gulf Coast refineries monitoring weather

Louisiana, Mississippi and Texas coastal refineries operated by Royal Dutch Shell Plc and Chevron Corp were monitoring a developing weather disturbance in the northeastern Gulf of Mexico that may produce heavy wind and rain later this week.

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